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1inch Network, Mastercard, and Crypto Life to Launch Web3 Debit Card

Key Takeaways

  • 1inch Network introduces a new crypto debit card with Crypto Life and Mastercard, available in physical and virtual forms to facilitate digital asset transactions;
  • The card features essential security measures and allows instant conversion from crypto to fiat for easy purchases and ATM withdrawals;
  • The card is initially available only for users based in the UK and European economic areas.
1inch Network, Mastercard, and Crypto Life to Launch Web3 Debit Card

1inch Network has announced the launch of a new crypto debit card.

The card, issued by Crypto Life and powered by the Mastercard network, will come in both physical and virtual forms and is designed to revolutionize how users engage with their digital assets.

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It features all the standard security details like a card number, validity date, and CVC.

The card will enable users to effortlessly make online and physical store purchases directly from their crypto wallets, as well as cash withdrawals at ATMs where Mastercard is accepted, through an instant crypto-to-fiat conversion process.

It also allows for easy one-touch payments at stores that support contactless payments, as demonstrated by 1inch Network co-founder Segej Kunz on X.

The card is initially available only to users based in the United Kingdom and the European economic areas. However, expansion plans are on the horizon.

Christian Rau, Senior Vice President of Crypto and Fintech Enablement at Mastercard, emphasized the significance of the new card:

We’ve long championed solutions that not only meet customers where they are, but also deliver ubiquity, peace of mind and the highest levels of security. Leveraging Mastercard’s leading technology and standards, the 1inch Card is connecting Web2 and Web3 worlds in an innovative way.

By offering a user-friendly solution that addresses the complexities of crypto-to-fiat conversion, this partnership not only simplifies digital transactions but also paves the way for a more inclusive financial future.

At the beginning of March, SafePal and Fiat24 also launched a physical crypto card in collaboration with Visa.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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